Deutsche Börse and Euronext stepped up their wooing of the London Stock Exchange yesterday after holding separate meetings with its chief executive
Published:
22 December 2004 y., Wednesday
Deutsche Börse and Euronext stepped up their wooing of the London Stock Exchange yesterday after holding separate meetings with its chief executive, Clara Furse.
Werner Seifert, boss of the Deutsche Börse, has said he will pay 530p a share for the LSE but is now widely expected to have to increase his offer after Jean-François Theodore, his counterpart at Euronext, expressed an interest in tabling a bid.
However, the Paris-based executive has not put forward a detailed enough proposal to warrant a formal response from the LSE. In contrast, a Deutsche Börse bid - made a week ago - was rejected on the grounds that it undervalued the exchange.
The LSE's shares dropped 4.75p to 575p yesterday after reaching record highs on Monday on speculation over the price a possible bidding war might achieve.
None of the sides was prepared to comment on the talks held at the LSE's new headquarters beside St Paul's, but sources described the discussions as constructive and amiable. Both Euronext and Deutsche Börse appear keen to win the approval of the LSE board for their approaches. Euronext has admitted that its approach might not even result in a definite offer.
In any case, the City does not expect a huge amount of movement on the separate discussions over Christmas.
Mr Seifert has made it clear that Ms Furse, who was appointed to the LSE after the ill-fated attempts at a German-British merger four years ago, could be offered a role in any combined exchange.
Šaltinis:
The Guardian
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission has approved, under EC Treaty state aid rules, an amendment to a Lithuanian scheme allowing aid to be granted of up to €500 000 per company, initially approved on 8 June 2009.
more »
As agreed by the President of the European Commission and the President of the Russian Federation during the last EU-Russia Summit in Khabarovsk, the EU and Russia have strengthened the current dispositions under the EU-Russia Energy Dialogue to prevent and manage potential energy crises, with an enhanced Early Warning Mechanism.
more »
The European Union has today presented to the World Trade Organization the trade facilitation projects it has financed between 2006 and 2008.
more »
The European Commission has authorised, under the EC Treaty’s rules on state aid, a planned state guarantee by Romania to enable Ford Romania SA to access a loan from the European Investment Bank (EIB).
more »
The economic crisis has left many countries with budget deficits well over the 3% limit. The commission is proposing deadlines for reducing the gaps.
more »
Statistics Lithuania informs that in October 2009, against September, prices for consumer goods and services went down by 0.4 per cent.
more »
Lithuania’s Vice-Minister of Foreign Affairs Šarūnas Adomavičius took part in bilateral political consultations with representatives from foreign affairs, commerce and transport ministries of the People’s Republic of China.
more »
Under the budgetary surveillance powers conferred by the EU Treaty, the European Commission today proposed to the Council to set 2013 as the deadline for the correction of the budget deficits in Austria, the Czech Republic, Germany, Slovakia, Slovenia, the Netherlands and Portugal.
more »
A joint partnership between the World Bank, the Moldovan Ministry of Agriculture and Food Industry and the Ministry of Environment was launched in Moldova’s capital in the late days of October.
more »
World Bank Group President Robert B. Zoellick today joins senior officials from the Government of Singapore to launch a new global urban strategy that will guide Bank advisory services and financing in the sector over the next decade.
more »